a movement from one point on the demand curve to a lower point on the demand curve An increase in quantity demanded brought on by a decrease in price is represented by a movement from one point on the demand curve to a lower point on the demand curve.
<h3>What is
demand curve?</h3>
A demand curve is a graph in economics that depicts the relationship between the price of a commodity and the quantity of that commodity that is demanded at that price. Demand curves can be used to model the price-quantity relationship for a single consumer or for all consumers in a given market.
The demand curve depicts the relationship between the price of a good or service and the quantity demanded over a given time period. A typical representation will show the price on the left vertical axis and the quantity demanded on the horizontal axis.
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More money, bring more skills, one person isn't reliable for the entire business
Answer:
c. Your fixed lot size was equal to the EOQ.
Explanation:
At economic order quantity, the Holding cost is equal Ordering cost
. Since Holding cost is higher than the Ordering cost, less number of orders are placed and more inventory is being stored.
Answer:
A. $575,000 + $125,000 - $560,000
Explanation:
According to the ending inventory report, cost of sales would be calculated as follow;
Cost of sales = Beginning inventory + Purchase - Ending inventory
Cost of sales = $575,000 + $125,000 - $560,000
Answer:
All-Mart can avoid the contract since it didn't meet their specification for the siting of their new store which they planned for. <u>The warranty deed</u> which they called for was to ensure that, all land purchased has guarantee that it would not become an issue for them in the future.
<em>Since one part is an enclosed parking lot which is a public property that Suburban is trying to sell to them, the best would be to avoid it.</em>
Explanation:
